{"id":251568,"date":"2020-02-21T10:28:48","date_gmt":"2020-02-21T15:28:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=251568"},"modified":"2024-03-18T10:24:48","modified_gmt":"2024-03-18T10:24:48","slug":"credit-card","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/credit-card","title":{"rendered":"How to Buy Bitcoin with Credit Card"},"content":{"rendered":"
Credit cards have become one of the easiest methods of buying Bitcoin and other altcoins for investors. In previous years this was not a favored payment method as it often involved fraud; however, today, many anti-fraud companies and brokerage firms have made it possible to safely and efficiently buy Bitcoin using a credit card.<\/span><\/p>\n The most well-known, regulated cryptocurrency trading platforms now accept credit cards as a fiat on-ramp to purchase cryptos. We review the best exchanges to buy Bitcoin<\/a> with credit, how to do so in screenshots, and what you need to consider before getting started.<\/span><\/p>\n As you will find plenty of cryptocurrency exchanges that allow you to buy Bitcoin with a credit card, you may be confused about which one to choose to get more efficient and safe trading. <\/span><\/p>\n In the above list, we included brokerage platforms considering some crucial factors. In the first case, we examined their security systems and website safety to recommend the most trustworthy and reliable brokers. Top financial institutions regulate most trading platforms we included in the list and have strong privacy policies. <\/span><\/p>\n Secondly, we figured out their pricing systems, which include what trading and non-trading fees the brokers charge. Some brokers and exchanges also apply hidden fees that they can include in the asset price, so you must be careful too. As for trading fees, brokers charge either commission fees or spreads or, in some cases, both. <\/span><\/p>\n At last, if you plan to buy and sell assets frequently, you should choose a broker with lower fees. Some firms do not charge fees but others charge commissions. We also examine their non-trading fees, such as withdrawal, conversion and deposit fees, management costs, and so on, as they can also eat your profits in the process. <\/span><\/p>\n In this section of our guide, we’ll show you a step-by-step process of how to buy Bitcoin with a credit card with one of our recommended exchanges, OKX. <\/span><\/p>\n It is simple to get started on OKX, either download the free mobile app or join the exchange via its website. Enter an email address to get going.<\/p>\n Next, new users must complete steps to verify their account and identity. That includes verifying an email address and phone number, as well as providing Know Your Customer details such as a photo ID, and in some cases proof of address.<\/span><\/p>\n Once these steps are completed and have been checked, users can deposit funds.<\/p>\n OKX allows users to deposit fiat currency via multiple methods, including with a credit card – debit cards, bank transfers, and e-wallets can also be used. There are no fees on deposits or withdrawals, and a minimum amount of $1.<\/p>\n Once the OKX account has funds, it is time to purchase Bitcoin. Head to the home dashboard and search either ‘Bitcoin’ or ‘BTC’ in the bar, then select it and click ‘Buy’.<\/p>\n Next, enter the amount to purchase (minimum $30) and follow the steps to purchase via a third-party broker such as Wert or MoonPay – they are all trusted but will offer different rates.<\/p>\n Once selected, simply follow the steps to complete the transaction. The BTC will then be available in the wallet under ‘Portfolio’.<\/p>\n There are several methods to buy Bitcoin with a credit card without going through any verification processes. At first, though, we should mention that these options involve higher risks of data leaking and fraud – They are not as safe as trading with regulated brokers as long as top brokers provide strong safety with your information and funds. <\/span><\/p>\n Many cryptocurrency exchanges supporting buying Bitcoin with a credit card without verification are not regulated. So, you must be careful not to provide your card details to a susceptive platform. <\/span><\/p>\n There are also peer-to-peer marketplaces where you buy cryptocurrencies directly from the seller. On these platforms, you browse to find the best seller for you, get in touch, and they will directly send it to your Bitcoin wallet. With this in mind, you can also face situations when you send the money but won’t get your cryptos. Hence, you had better select a P2P marketplace with an escrow mechanism. <\/span><\/p>\n Another option is to buy BTC from a Bitcoin ATM. You can look at the BTC ATMs map to find out if there is an ATM machine near your location and buy Bitcoin with a credit card. But this method also has its drawbacks, notably high fees and availability. <\/span><\/p>\n In all senses, there is no perfect payment method – some take longer to transfer funds, others require higher trading fees, etc. So, you need to select the one that best suits your requirements. With this in mind, you can find the advantages and disadvantages of buying Bitcoin via credit card below before you get started. <\/span><\/p>\n Advantages<\/b><\/p>\n Disadvantages<\/b><\/p>\n After getting your Bitcoin, you can create a personal Bitcoin account and withdraw your crypto to store them in a Bitcoin wallet more safely. But whether you can do this depends on how you made your purchase. If you trade BTC through Contracts for Differences, you don’t own the asset, and simply speculate on the price of the asset. Therefore, in this case, you cannot withdraw Bitcoin and send it to a personal wallet. <\/span><\/p>\n In contrast, buying Bitcoin outright on a crypto exchange will allow you to transfer your coins to a more secure private wallet. Firstly, you need to find a platform that provides a BTC wallet account, create an account, and complete the transfer. You can find more information on this topic in our guide <\/span>How to Open Your Free BTC Account. <\/span><\/a><\/p>\n Nowadays, selecting a trustworthy broker when buying Bitcoin with a credit card is crucial. This is because you trust valuable information about your identity and provide your credit card details. And if someone could hack your brokerage account, they can also get access to your credit card and all the checking accounts linked to it. <\/span><\/p>\n With that in mind, we list the safest brokers to buy Bitcoin with a credit card below. These brokers stand out with their excellent regulations, pricing systems, and other essential features.<\/span><\/p>\n Our second pick as the best cryptocurrency exchange to buy Bitcoin with a credit card is OKX<\/a>. Launched in 2017, OKX hit its stride in mid-2022, becoming one of the better cryptocurrency exchanges. And at press time, it is the world’s fifth-biggest crypto trading platform by market capitalization. OKX introduced the ability to buy Bitcoin using credit cards and other fiat methods in the first quarter of 2023. In addition to this inclusive addition, OKX has also integrated other features, such as copy trading and trading bots, to make bitcoin trading easier for investors.<\/p>\n OKX supports basic trading, derivatives trading, and margin trading. Users can also convert their holdings into BTC or other assets without any additional fee. And under the Grow program, OKX offers staking and other facilities, allowing users to earn passive income through their BTC holdings.<\/p>\n OKX follows a maker\/taker fee model. While it starts with 0.080%\/0.1%, the fee can be reduced further by holding OKB tokens – the native crypto of the OKX exchange. VIP traders with assets exceeding $100k in their OKX trading accounts also enjoy a reduced trading fee.<\/p>\n Visit OKX<\/strong><\/span><\/a><\/span><\/p>\n Bybit<\/a> is a beginner-friendly platform with multiple inclusive features, allowing users to buy Bitcoin with a credit card. While the platform doesn’t ask for any charges, credit card payment service providers might charge you some fees.<\/p>\n Along with Bitcoin, Bybit supports over 100 cryptocurrencies. Users can also trade over 300 trading pairs on Bybit. Both spot trading and margin trading are supported. BTC\/USDT is one of the leveraged pairs, allowing users to short this pair on 3X leverage.<\/p>\n Bybit also gives users an overview of the cryptocurrency market, where they can check out the list of top gainers and top trading cryptocurrencies based on their niches.<\/p>\n Security features on Bybit are also exceptional, focusing on protecting users’ assets. Part of that is the Proof of Reserves. Bybit’s Proof of Reserves is fully audited, allowing users to check their holdings in reserve.<\/p>\n Visit Bybit<\/strong><\/span><\/a><\/span><\/p>\n <\/a>Libertex is an excellent no-spread CFD trading platform designed for those who want to trade financial instruments actively. The broker was founded in 1997 and is among the most trustworthy trading platforms, with over 30 industry awards. Along with its well-designed in-house trading platform, Libertex also supports MetaTrader4 and MetaTrader5 trading platforms. In contrast to most CFD platforms, the broker does not take bid-and-ask spreads and charges fixed commission fees that are very competitive. Also, <\/span>Libertex<\/span><\/a> does not charge withdrawal and deposit fees, registration is free, and there are no management or account fees. So, the only fee to consider for using the platform is a monthly inactivity fee of 10 EUR after three months of inactivity.<\/span><\/p>\n Visit Libertex<\/strong><\/span><\/a>\n<\/p> <\/a>Being a completely new CFD trading platform in the industry, Capital.com has gained a good reputation among its users. The platform accepts customers from over 50 countries worldwide, and its innovative trading tools stand out. Capital.com supports various assets, including 29 cryptocurrencies that customers can trade using artificial intelligence-based solutions. <\/span><\/p>\n The platform offers four types of trading accounts – Standard, Plus, Premier, and Invest – each type of account is designed for traders of different levels. Regarding trading fees, the broker does not apply commissions but charges variable spreads, which is 0.5% for BTC trading. The minimum deposit fee is £\/$\/€20, which differs depending on your selected trading account. <\/span><\/p>\n Finally, the platform accepts several payment methods, including credit and debit cards, wire transfers, and e-wallets. Capital.com also stands out with its firm regulations – the broker is regulated by three tier-1 authorities (ASIC, FCA, and CySEC) and the National Bank of the Republic of Belarus. <\/span><\/p>\n Visit Capital<\/strong><\/span><\/a>\n<\/p> <\/a>Coinbase is a US-based cryptocurrency exchange best known for its excellent user interface and trading tools for all types of traders. Though Coinbase is most famous in the US, it also accepts customers from other countries and has 68 million users worldwide. The exchange offers two types of accounts – Standard account and Coinbase Pro. The first is best suited for those who want to make a one-time purchase and buy and hold various crypto coins, while the Coinbase Pro is ideal for active crypto traders looking for an advanced trading platform and low fees. Compared to other platforms, <\/span>Coinbase<\/span><\/a> takes a relatively higher commission, which is charged every time you make a buy or sell order. Plus, there is a deposit fee of $3.99 every time you transfer funds using a bank card payment option. <\/span><\/p>\n Generally, Coinbase supports trading more than 50 cryptos and 60 crypto pairs, while it also accepts buying BTC with 40 types of fiat currencies and ETH with seven currencies. You can also access other cryptos using USD Coin (USDC).<\/span><\/p>\n Visit Coinbase<\/strong><\/span><\/a>\n<\/p> <\/a>Plus500<\/a> is among the most reputable CFD trading platforms, with customers from over 50 countries. It’s a commission-free broker with competitive spreads, a high leverage ratio, and a simple-to-use web-based and mobile trading app. Also, Plus500 is a highly trustworthy platform as it has licenses from such regulatory financial institutions as ASIC, FCA, and CySEC. Regarding its non-trading fees, the broker does not apply any withdrawal fees but charges currency conversions. There is also an inactivity fee of $10\/month if you don’t show any activity within three months. Plus500 requires a minimum deposit of $100, which you can transfer through multiple payment options, including credit cards. <\/span><\/p>\nHow to Buy Bitcoin with Credit Card<\/h2>\n
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Compare Bitcoin Exchanges<\/h2>\n
How to Buy Bitcoin with Credit Card<\/h2>\n
Step 1. Open an Account<\/h3>\n
Step 2. Verify Your Account<\/h3>\n
Step 3. Deposit Funds via Credit Card<\/h3>\n
\n<\/span><\/p>\nStep 4. Buy Bitcoin<\/h3>\n
Buying Bitcoins Instantly with Credit Card without Verification<\/h2>\n
Advantages and Disadvantages of Using a Credit Card for Buying Bitcoin<\/h2>\n
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Withdrawing Bitcoin from a Brokerage Account<\/h2>\n
Where to Buy Bitcoin with Credit Card in May 2024<\/h2>\n
OKX – Buy Bitcoin with Credit Card At Low Fees<\/h3>\n
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Bybit – Buy Bitcoin With Credit Card At This Beginner-Friendly Platform<\/h3>\n
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Libertex – Buy Bitcoin CFDs with No Spreads<\/h3>\n
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Capital.com – Buy Bitcoin with an AI Trading Platform<\/h3>\n
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Coinbase – Buy Bitcoin with a Credit Card in the US<\/h3>\n
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Plus500 – Buy Bitcoin outside the US with no Commissions<\/h3>\n
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